Garage Condo with
For Sale
$397,000
E1-341 1st St, Mead, CO 80542
Includes mezzanine space and an oversized 14' x 14' garage door with opener.
Property Size1,690 SF
Price / SF$234.91
Days on Market150
Property Features for E1-341 1st St
General Information
Standard status
Active
Size
1,690 SF
Additional Details
Business Included
No
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$11,266
Amenities
fresh water station
dump station
car wash
Listing Agency:
RE/MAX Nexus
Listed By:
Abby Renner · License #ER40029855
(970) 295-4760
Source:
Exprealty
Added: May 31
Changed: Oct 26
Last Checked: Oct 26 at 8:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Nexus
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a one-of-a-kind garage condo in The Ultimate Garage Club’s “Sledgehammer” model. The unit offers a 1,300 SF main garage area plus a 390 SF mezzanine, built with durable epoxy floors and high-bay lighting. It also includes radiant heat and fully insulated construction for year-round comfort, along with a large ceiling fan. A 1/2 bathroom supports flexible use, and the mezzanine features laminate flooring for added versatility. Electrical service is provided with 220V / 100-amp.
The community is fully secure with a fenced setup, and owners have access to on-site amenities including a fresh water station, dump station, and car wash. HOA services cover building insurance, road maintenance, and snow removal. The property is located in Mead, CO, about 1 mile west of I-25 for convenient commuter access.
The community is fully secure with a fenced setup, and owners have access to on-site amenities including a fresh water station, dump station, and car wash. HOA services cover building insurance, road maintenance, and snow removal. The property is located in Mead, CO, about 1 mile west of I-25 for convenient commuter access.
Key Highlights
- Sledgehammer model garage condo with 1,300 SF main space plus a 390 SF mezzanine
- Oversized 14' x 14' garage door with opener
- Durable epoxy floors, high‑bay lighting, radiant heat, and a super‑sized ceiling fan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,852
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,040
$377.0K
Cap Rate 7%
$269,314
$269.3K
Cap Rate 9%
$209,467
$209.5K
Market Conditions
NOI Build-Up for 1,690 SF
Gross rent
$24.1K $14.28/SF
− Vacancy
−$2.0K −$1.16/SF
EGI
$22.2K $13.12/SF
− OpEx
−$3.3K −$1.97/SF
NOI
$18.9K $11.15/SF
Area
Weld County, CO
Vacancy
8.10%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,040
Cap Rate 7%
$269,314
Cap Rate 9%
$209,467
Alternative Uses
Best Use
Warehouse
$269.3K
$235.7K – $314.2K
NOI $18,852 @ 7.0% cap · market cap 4.75%
Second Best
Self Storage
$10.1K
$8.8K – $11.8K
NOI $706 @ 7.0% cap · market cap 0.18%
Theoretical Best
Office B
$308.0K
$269.5K – $359.3K
NOI $21,560 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
Explore this area
Business Placement
Demographics for 80542, CO
4,841
Population
1,778
Households
2.7
Avg Household Size
40
Median Age
52%
College-Educated
93%
High-School Grad
9.2 sq mi
ZIP Area
526
Density / Sq Mi
$127,500
Median Household Income
$58,578
Median Earnings
$2,694
Median Rent
$590,500
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Self storage facility - Includes mezzanine space and an oversized 14' x 14' garage door with opener.
Where is this self storage facility located?
The property is located at E1-341 1st St Mead, CO.
What is the asking price?
The asking price for this property is $397,000.
What are key features of this property?
This property features: Sledgehammer model garage condo with 1,300 SF main space plus a 390 SF mezzanine; Oversized 14' x 14' garage door with opener; Durable epoxy floors, high‑bay lighting, radiant heat, and a super‑sized ceiling fan
